Tagged: Federal Reserve

Even As Economy Geats Up, Fed to Stick with Near-Zero Rates

Even As Economy Geats Up, Fed to Stick with Near-Zero Rates

Banking & Finance

Hiring is accelerating as Americans increasingly venture out to shop, eat at restaurants and travel, and inflation pressures are even picking up after lying dormant for years. But the Federal Reserve is all but sure to reiterate its commitment to ultra-low interest rates. read more >

Fed Expects to Keep Key Rate Near Zero Through 2023

Fed Expects to Keep Key Rate Near Zero Through 2023

Banking & Finance

The Federal Reserve foresees the economy accelerating quickly this year but still expects to keep its benchmark interest rate pinned near zero through 2023, despite concerns in financial markets about potentially higher inflation. read more >

New Challenge for the Powell Fed: A Strengthening Economy

New Challenge for the Powell Fed: A Strengthening Economy

Banking & Finance

For the past year, Federal Reserve Chair Jerome Powell has expressed a wish for more rescue spending from Congress, better control of the viral pandemic and clear evidence of an improving economy. He's finally getting all three. Yet all of that hardly makes Powell's job easier. read more >

Beige Book Finds Tepid Growth as US Economy Battles Pandemic

Beige Book Finds Tepid Growth as US Economy Battles Pandemic

Banking & FinanceRestaurants & Food

A Federal Reserve survey of business conditions around the country found that the U.S. economy grew at a “slight to modest” pace in September and early October, but also documented many areas of economic activity hobbled by the coronavirus pandemic. read more >